SSE/EFI Working Paper Series in Economics and Finance
Lady and the Trump: Status and Wealth in the Marriage Market
() and Anna Dreber
Abstract: We examine a relatively neglected aspect of
intergenerational transmission of economic standing, namely culturally
determined status markers and their valuation in the marriage market. We
take nobility to be such a status marker. Using data on Swedish marriages,
we test the hypothesis that nobility have a greater probability of marrying
"up" in terms of wealth. We find a large and statistically significant
positive effect for nobility. This finding has important implications for
the intergenerational transmission of inequality, and for the longevity of
the institution of nobility itself.
Keywords: Marriage; Status; Intergenerational Transmission; Nobility; (follow links to similar papers)
JEL-Codes: J11; J12; (follow links to similar papers)
28 pages, January 12, 2008, Revised December 4, 2008
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